Energy price inflation rate in Luxembourg 2019-2024, by commodity
Liquid fuel price inflation in Luxembourg has seen a considerable rise since 2021, with the inflation rate peaking at 104.2 percent in June 2022 and dropping to -10.6 percent in December 2023. Meanwhile, electricity price inflation has remained relatively stable throughout the period of consideration. Europe is suffering from an energy supply shortage, particularly of gas, following the Russia-Ukraine war.